APOTHEEK PHARMAGO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
APOTHEEK PHARMAGO
NACE 47.730, Retail sale of pharmaceutical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€45,493
2024 · €14,433+€31,060
Equity
€365,868
2024 · €365,530+€338
Cash
€186,821
2024 · €198,552-€11,731
Balance sheet total
€1.2m
2024 · €1.1m+€63,833
Largest movements
Assets
- Receivables within one year +€91,292
up €91,292 (+53.0%), from €172,142 to €263,434
of which Other amounts receivable: +€83,219
- Tangible fixed assets -€39,555
down €39,555 (-7.6%), from €518,680 to €479,124
of which Land and buildings: -€37,380
- Stocks and contracts +€16,006
up €16,006 (+6.9%), from €232,301 to €248,306
Equity and liabilities
- Other debts +€56,038
up €56,038 (+38.0%), from €147,478 to €203,516
- Debts after one year -€32,563
down €32,563 (-9.1%), from €358,310 to €325,747
- Tax, wage and social debts +€20,416
up €20,416 (+44.7%), from €45,721 to €66,136
of which Taxes: +€19,617
- Trade debts +€19,058
up €19,058 (+11.7%), from €163,520 to €182,577
Income statement
- Gross operating margin +€30,400
up €30,400 (+7.5%), from €405,967 to €436,367
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€14,433
Gross operating margin
+€30,400
Staff costs
-€142
Depreciation
-€468
Other operating charges
+€246
Financial income
+€1,735
Financial charges
-€50
Taxes
-€660
Result 2025
€45,493
raises the resultlowers the result
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€69,531
Investment
-€5,000
Financing
-€76,262
Cash 2024
€198,552
From operations (derived)
+€69,531
Net result for the year
+€45,493
Depreciation
+€39,555
Stocks and contracts
-€16,006
Receivables within one year
-€91,292
Deferred charges and accrued income
-€2,822
Trade debts
+€19,058
Tax, wage and social debts
+€20,416
Advances received
-€4,633
Other debts
+€56,038
Accrued charges and deferred income
+€3,723
Investment (derived)
-€5,000
Investment in fixed assets (net)
-€5,000
Financing
-€76,262
Debts after one year
-€32,563
Current portion of long-term debt
+€1,456
Contributions, distributions and other
-€45,155
Cash 2025
€186,821
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,131,889 | €1,195,722 | +€63,833 | +5.6% |
| Fixed assets | 21/28 | €521,180 | €486,624 | -€34,555 | -6.6% |
| Tangible fixed assets | 22/27 | €518,680 | €479,124 | -€39,555 | -7.6% |
| Land and buildings | 22 | €511,505 | €474,125 | -€37,380 | -7.3% |
| Plant, machinery and equipment | 23 | €2,933 | €1,856 | -€1,077 | -36.7% |
| Furniture and vehicles | 24 | €621 | €335 | -€285 | -46.0% |
| Other tangible fixed assets | 26 | €3,621 | €2,808 | -€813 | -22.5% |
| Financial fixed assets | 28 | €2,500 | €7,500 | +€5,000 | +200% |
| Current assets | 29/58 | €610,709 | €709,097 | +€98,388 | +16.1% |
| Stocks and contracts in progress | 3 | €232,301 | €248,306 | +€16,006 | +6.9% |
| Stocks | 30/36 | €232,301 | €248,306 | +€16,006 | +6.9% |
| Amounts receivable within one year | 40/41 | €172,142 | €263,434 | +€91,292 | +53.0% |
| Trade receivables | 40 | €158,108 | €166,181 | +€8,073 | +5.1% |
| Other amounts receivable | 41 | €14,034 | €97,253 | +€83,219 | +593% |
| Cash at bank and in hand | 54/58 | €198,552 | €186,821 | -€11,731 | -5.9% |
| Deferred charges and accrued income | 490/1 | €7,714 | €10,535 | +€2,822 | +36.6% |
| Total equity and liabilities | 10/49 | €1,131,889 | €1,195,722 | +€63,833 | +5.6% |
| Equity | 10/15 | €365,530 | €365,868 | +€338 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €346,930 | €347,268 | +€338 | +0.1% |
| Tax-exempt reserves | 132 | €10,750 | €10,750 | = | 0.0% |
| Distributable reserves | 133 | €336,180 | €336,518 | +€338 | +0.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €766,358 | €829,853 | +€63,495 | +8.3% |
| Amounts payable after more than one year | 17 | €358,310 | €325,747 | -€32,563 | -9.1% |
| Financial debts | 170/4 | €358,310 | €325,747 | -€32,563 | -9.1% |
| Amounts payable within one year | 42/48 | €392,848 | €485,183 | +€92,335 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €30,872 | €32,328 | +€1,456 | +4.7% |
| Trade debts | 44 | €163,520 | €182,577 | +€19,058 | +11.7% |
| Suppliers | 440/4 | €163,520 | €182,577 | +€19,058 | +11.7% |
| Advances received on contracts in progress | 46 | €5,258 | €625 | -€4,633 | -88.1% |
| Taxes, remuneration and social security | 45 | €45,721 | €66,136 | +€20,416 | +44.7% |
| Taxes | 450/3 | €4,561 | €24,178 | +€19,617 | +430% |
| Remuneration and social security | 454/9 | €41,160 | €41,959 | +€799 | +1.9% |
| Other amounts payable | 47/48 | €147,478 | €203,516 | +€56,038 | +38.0% |
| Accrued charges and deferred income | 492/3 | €15,200 | €18,923 | +€3,723 | +24.5% |
| Remuneration, social security and pensions | 62 | €316,317 | €316,459 | +€142 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,087 | €39,555 | +€468 | +1.2% |
| Other operating charges | 640/8 | €5,750 | €5,505 | -€246 | -4.3% |
| Gross operating margin | 9900 | €405,967 | €436,367 | +€30,400 | +7.5% |
| Operating profit (loss) | 9901 | €44,813 | €74,848 | +€30,035 | +67.0% |
| Financial income | 75/76B | €3,493 | €5,228 | +€1,735 | +49.7% |
| Recurring financial income | 75 | €3,493 | €5,228 | +€1,735 | +49.7% |
| Financial charges | 65/66B | €27,122 | €27,171 | +€50 | +0.2% |
| Recurring financial charges | 65 | €27,122 | €27,171 | +€50 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €21,185 | €52,905 | +€31,720 | +150% |
| Income taxes | 67/77 | €6,752 | €7,412 | +€660 | +9.8% |
| Profit (loss) for the period | 9904 | €14,433 | €45,493 | +€31,060 | +215% |
| Profit (loss) for the period to be appropriated | 9905 | €14,433 | €45,493 | +€31,060 | +215% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.